Business levels, scrap prices and company staffing in the demolition industry are expected to stay about the same in 2010, according to a survey of member companies of the National Demolition Association.
The member survey revealed a cautious optimism about 2010.
Nearly one-third of members said they expected sales to increase this year, while more than 25 per cent thought sales would remain the same as the previous year. Only 19 per cent expected a decrease in sales.
“Our industry is populated in large part of entrepreneurs,” said Michael R. Taylor, CAE, Executive Director of the National Demolition Association.
“While they are well acquainted with business realities, they also tend to be optimistic and look for opportunities even when the economy is so challenging.”
In response to the question “What do you see scrap prices doing in your region in 2010?” approximately one-third expected the price to remain the same, while nearly 30 per cent expected a price increase. Another third decided to reserve judgment or expect a price decrease. Trade publications like Construction & Demolition Recycling report an expected volatility in scrap prices in 2010.
Regarding employment plans for 2010, nearly 30 per cent expected to increase staff in 2010, while another third said that staff levels would basically remain the same. Only 15 per cent expected to lay off staff.
The National Demolition Association is a non-profit trade organization representing approximately 1,000 United States and Canadian companies as well as many international firms that are involved in the demolition process.
Membership includes demolition contractors, general contractors, civil engineering firms, and recycling, landfill, and salvage operations. The association’s efforts help members stay abreast of environmental, regulatory and safety matters, keep regulators informed about issues facing the industry, increase public and industry awareness, and provide members with networking opportunities and information on the latest technical advances in equipment and services. The website is http://www.demolitionassociation.com.